Stocks Edge Up As White House Reverses On Stimulus (Again)

Stocks continued to crawl upward Friday morning, as the prospects of a broad coronavirus relief package brightened with reports of reignited negotiations in Washington–despite tweets from Trump Tuesday afternoon in which he claimed to have ordered his representatives to cease talks with House Speaker Nancy Pelosi entirely.... [+]

on the South Lawn of the White House on October 5, 2020 in Washington, DC. Trump was returning to the White House after being treated for Covid-19 at Walter Reed National Military Medical Center. The Dow Jones Industrial Average was up nearly 110 points, or .4%, at the opening bell, while the S&P 500 and the tech-heavy Nasdaq had each edged up roughly .5%.

Treasury Secretary Steven Mnuchin told Speaker Pelosi on Thursday that Trump was interested again in agreeing on a large-scale stimulus deal,That marks a stark reversal from a set of tweets President Trump sent out on Tuesday afternoon, when he said, “I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business.

Meanwhile, shares of Gilead–the biotech firm behind remdesivir, the coronavirus treatment administered to and lauded by Trump, are up 1.2% after the firm revealed Thursday that its drug speeds up Covid-19 recovery times.The Dow and S&P each gained about 2% through Thursday close of this week, as markets weathered ongoing election uncertainty and the dimming prospects of a broad-based stimulus package before the November election.

This country and system is a sham that takes advantage of so many people in our society ThisIsAmerica endpovertyorelse

EndSARS EndSARSProtest

kuku27 Donald like playing games of his own kind, testing waters but someone will suffer, who?

The baffling stupidity of the people that support this administration is incredible. Lmfao

We will see more reverses!

Don't worry he'll back out early next week.

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